Suncity synthetics Limited has fulfilled its regulatory obligations by submitting the mandatory compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to BSE Limited on April 4, 2026, demonstrating the company's commitment to regulatory compliance.

Regulatory Compliance Certificate

The certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation requires companies to obtain and submit confirmation certificates from their registrar and transfer agents regarding the proper handling of securities received for dematerialization during each quarter.

Certificate Issuer Details

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the Registrar and Share Transfer Agent for Suncity Synthetics Limited. The certificate was signed by Ashok Shetty, Sr. Vice President-Corporate Registry, confirming the company's compliance with depository regulations.

The certificate confirms that securities received from depository participants for dematerialization during the quarter ended March 31, 2026 were properly processed and confirmed to the depositories. It also verifies that the securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are listed.

Compliance Confirmation

The certificate provides several key confirmations regarding the company's securities handling:

• Securities received for dematerialization were confirmed or rejected to depositories within prescribed timelines
• Security certificates received were properly mutilated and cancelled after due verification
• Names of depositories were substituted in the register of members as registered owners
• All processes were completed in accordance with regulatory requirements

Corporate Information

Suncity Synthetics Limited, incorporated in 1988 with CIN L17110MH1988PLC454234, operates from its registered office at B-129 Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Andheri East, Mumbai. The company's securities are traded on BSE Limited under scrip code 530795. The submission was made by Managing Director Sumita Mishra, demonstrating senior management oversight of regulatory compliance matters.

Suncity Synthetics Limited has issued a revised board meeting outcome to correct a typographical error in its earlier disclosure regarding the preferential issue of shares. The company clarified that except for the correction related to post-reduction share capital, all other contents of the previously submitted outcome remain unchanged.

Board Meeting Decisions

The Board of Directors meeting held on March 20, 2026, at 4:00 PM at the company's registered office approved several key matters. The meeting commenced at 4:00 PM and concluded at 8:15 PM.

Share Capital Reduction and Preferential Issue

The company has applied for share capital reduction, which is pending approval before the Hon'ble NCLT. The proposed preferential issue is separate from the earlier reduction of capital petition (NCLT petition No. 250/MB/2025).

Preferential Issue Details

The board approved the issuance of up to 30,00,000 equity shares at Rs 10 per share, aggregating to Rs 3,00,00,000. The issue will be made to 12 proposed allottees on a preferential basis, subject to member approval and regulatory clearances.

Complete Allottee Distribution

Sumita Mishra, the Managing Director, is the sole promoter allottee and will receive 15,14,000 shares (48.86% of the issue). The remaining shares are distributed among 11 non-promoter investors, with individual allocations ranging from 86,000 to 1,47,000 shares.

Regulatory Compliance and Valuation

The company has obtained necessary regulatory documentation for the preferential issue:

• Valuation Report: Prepared by CA Jay Ashok Shah, IBBI Registered Valuer (Reg No: IBBI/RV/07/2022/14720)
• Regulation 163(2) Certificate: Issued by CS Suprabhat Chakraborty, Practicing Company Secretary (Membership No. A41030)
• Issue Price: Rs 10 per share as per SEBI (ICDR) Regulations, 2018

Key Dates and Approvals

The board has established the following timeline for the preferential issue:

The company will provide e-voting facility through CSDL platform for the EGM. CS Suprabhat Chakraborty has been appointed as scrutinizer for the e-voting process.

Pre-lock-in Considerations

The company clarified that existing shareholders Sumita Mishra and Sachin Shankar Shivgan hold 22,48,383 and 1,64,890 equity shares respectively on a pre-reduction basis. The pre-lock-in requirement will apply to existing shareholding rather than the reduced share capital, with post-reduction shareholding computed on a reduced basis.